Goldilocks year for India; GDP to grow 6.4% in 2015: Nomura

November 27, 2014

Indian economy is set for a ‘goldilocks’ period — used to describe a timeframe of high growth and low inflation — while it can become Asia’s fastest growing economy in 2016, Japanese financial major Nomura said. The global financial services major is also optimistic about “productivity-enhancing reforms” in the country and estimated the GDP growth for 2015 at 6.4 per cent. Read More